REGISTERED NUMBER: 05036410 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

About Thyme Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss V C Stranks

SECRETARY:

H M Stranks

REGISTERED OFFICE:

10 Manor Park

Banbury

Oxfordshire

OX16 3TB

REGISTERED NUMBER:

05036410 (England and Wales)

ACCOUNTANTS:

Handleys Chartered Accountants

10 Manor Park

Banbury

Oxfordshire

OX16 3TB

CURRENT ASSETS

Stocks

14,750

15,500

Cash at bank

4,770

3,923

19,520

19,423

CREDITORS

Amounts falling due within one year

46,750

40,240

NET CURRENT LIABILITIES

(27,230

)

(20,817

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(27,230

)

(20,817

)

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

(27,240

)

(20,827

)

SHAREHOLDERS' FUNDS

(27,230

)

(20,817

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 7 November 2016 and were signed by:

Miss V C Stranks - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

665

Disposals

(665

)

At 31 March 2016

-

DEPRECIATION

At 1 April 2015

665

Eliminated on disposal

(665

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

10

Ordinary

£1

10

10